Online Casinos with the Highest Payouts in 2024: The Aussie Guide
Online casinos are huge in Australia, with punters always on the lookout for the best payouts and the fairest play. If you’re keen to take your gaming to the next level in 2024, understanding RTP (Return to Player) and the house edge is a must.
This guide breaks down everything you need to know about choosing the best payout casinos. You’ll learn how to calculate RTP and how to make sure you’re getting your fair share of the winnings. Let’s dive in!
Vast array of games from various providers
Support for multiple currencies within one account
Several responsible gambling options offered
Live dealer games are accessible
The casino welcomes players from various countries
It offers a high withdrawal limit
24/7 live chat support is available
- Extensive variety of games from top providers
- User-friendly interface with smooth navigation
- 24/7 live chat support available
- Supports multiple currencies, including cryptocurrencies
- Supports multiple currencies within a single account
- 24/7 live chat support
- Tournaments are available
- Large variety of games from multiple providers
Offers thousands of games from reputable providers, including a robust selection of slots and live casino games
Quick processing time for withdrawals, especially with cryptocurrencies
Competitive welcome bonuses and promotions for both casino games and sports betting
Focuses on a curated selection of high-quality, popular online pokies
Simple, easy to navigate website design
Offers instant play in-browser for convenience
Over 4,000 casino games from top software providers
Accepts cryptocurrency deposits and withdrawals
24/7 live chat support
There’s an extensive range of game providers to choose from
Games with live dealers are accessible
Fast payouts
There’s an extensive range of game providers to choose from
Games with live dealers are accessible
Players have access to a wide range of promotional offers
Players from a vast array of countries are welcome at the casino.
The site offers support in numerous languages to accommodate a global audience.
A broad selection of promotional offers is available to players.
The casino also organizes various tournaments for participants.
Generous 4-tier welcome bonus up to A$ 6,000 AUD
Fast payouts praised
Large game library of over 4,000 titles
Accepts a wide range of cryptocurrencies with instant withdrawals
Low minimum deposit amount
Fast verification process and payouts
Extensive game selection with over 6000 games from 100+ providers
Offers a variety of bonuses and promotions
Supports multiple payment methods
A convenient mobile app.
5000+ games to play.
A lot of payment methods for fast deposits and withdrawals.
Comprehensive and clear information regarding legal adherence and the safeguarding of players.
A selection of over 700 different casino games.
An engaging VIP program offering unique rewards and exciting challenges.
Compatible with Windows and Mac, and the mobile version is user-friendly.
Games with live dealers are offered, ensuring an immersive gaming experience.
The customer service team is quick and efficient, providing top-notch assistance.
Extensive selection of over 2,000 online pokies and casino games
Generous welcome bonus package spread across the first three deposits
Ongoing promotions including free spins, reload bonuses, and a loyalty program
First deposit bonus up to 300%
A legitimate and reputable online casino
Fast deposits and withdrawals
A single account supports multiple currencies.
Cryptocurrency deposits are welcomed.
A range of options for responsible gaming is provided.
Live dealer games and 24/7 live chat support are available.
What Is RTP and How Do You Calculate It?
RTP (Return to Player) is often discussed when spotting a good casino. This indicates what percentage of money you invested you can win back over time. Remember that RTP reflects long-term trends, so short-term results can differ. Don’t expect every session to play out the same way!
Payout Rate vs House Edge: What’s the Difference?
RTP and the house edge are often confused, but they actually mean different things.
Payout Rate (RTP)
This shows the percentage of your bet that you can expect to win back over time. The higher the RTP, the better your chances of getting something back.
House Edge
The RTP is the percentage of wagers that the game returns to players. The house edge, on the other hand, represents the average profit the casino expects to make from the game. If the RTP is 96%, the house edge is 4%.
For a clearer picture, the House Edge = 100% – RTP
For example, a game with an RTP of 97% has a house edge of 3%. The lower the house edge, the better your chances of scoring a win.
Different Games and Their Return to Player Percentages (RTP)
RTP can vary a lot depending on what you’re playing. Here’s a quick rundown of what to expect from some of the most popular games in Aussie online casinos:
| Game Type | Average RTP |
|---|---|
| Online Slots (Pokies) | 94% – 98% |
| Blackjack | 99.5% |
| Roulette (European) | 97.3% |
| Baccarat | 98.94% |
| Video Poker | 97% – 99% |
| Craps | 98.6% |
Online Slots (Pokies)
Pokies are crucial in Aussie online casinos, and their RTP rates vary a fair bit. The best ones offer RTPs close to 98% but don’t forget that some pokies have lower RTPs, around 94%, so it pays to check before you spin.
Table Games
Table games like blackjack and baccarat generally offer better odds than pokies. Blackjack, for example, has an RTP of around 99.5% when played optimally. And European Roulette isn’t far behind at 97.3%.
How to Maximise Your Winnings
While RTP gives you a general idea of the payout potential, there are ways to boost your chances of taking home a tidy profit. Here are a few tips to get the most out of your casino experience:
- Pick High RTP Games. Games over 94% are safe to play, but anywhere over 96% is ideal to win big.
- Pick the right bonuses. If you’re spending more on wagering than the bonus itself, you may want to rethink your choice of bonuses.
- Master Strategy. Games like Blackjack and Roulette have betting strategies to boost your chances of winning. Take a little time to learn and master them.
- Try Progressive Jackpots. Although the RTP % of the progressive pokies is lower, they do tend to offer massive payouts. If you’re fine with trading off a lower RTP for a chance at a big win, give them a shot.
It’s tough to strategise with games that use random number generators. But with a little control in our hands, it is important to have a plan and work on a strategy to help maximise our wins.
Verified vs Unverified RTP Percentages
Not all RTP info you see online can be trusted. We need to be able to spot the difference between verified and unverified RTPs:
Verified RTP
Verified RTP is tested and confirmed by independent auditing agencies like eCOGRA, Gaming Labs, or iTech Labs. These guys make sure the RTPs are accurate and that the casino is playing by the rules.
Unverified RTP
Unverified RTPs are the ones published by the casino or game developer without any third-party oversight. While these may be truthful, there’s no guarantee unless an independent body has tested the game.
Pro Tip: Always stick to licensed casinos regulated by trustworthy authorities, like the Malta Gaming Authority or the UK Gambling Commission, for peace of mind.
How to Use PayID in the Best Payout Casinos
PayID is simple, quick, and secure — just use your email or phone number to make deposits and withdrawals.
- Find a Casino That Accepts PayID. Make sure the casino you want to play at supports PayID. Pick one from our list, and you won’t have to take that extra investigative step.
- Make a Deposit. After you’ve registered, head to the casino’s payment section, choose PayID as your deposit option and enter your PayID details (usually your email address).
- Instant Deposit. PayID transactions happen instantly, so you can jump straight into the action.
- Withdraw Your Winnings. To cash out, just follow the same process. Withdrawals are typically fast, so you can enjoy your winnings without too much delay.
Fortunately, PayID accepts both deposits and withdrawals. This takes away any risk of having to pick a different payment method to claim rewards.
Additional Tips for Aussie Players: Spotting the Best Payout Casinos
If you’re chasing the best payout odds, here are a few extra tips to help you find the right online casino for you:
- Check Licensing and Regulation. Always go for casinos that are licensed by reputable authorities. If they’re licensed by the Malta Gaming Authority or the UK Gambling Commission, you’re on the right track.
- Look at Player Reviews. Check out reviews from fellow Aussies and get the lowdown on whether a casino is trustworthy. Player feedback is a great way to spot any dodgy sites.
- Explore Payment Options. Make sure the casino supports Australian payment methods like PayID, POLi.
- Wide Game Selection. Look for casinos with a good mix of games, including slots, table games, and live dealers — and, of course, with solid RTPs.
While at it, also look for security measures in a casino. You need them to have SSL encryption, multi-factor authentication, and a strong KYC verification process for your own safety.
FAQ
How Can I Find the Casino’s RTP?
Most online casinos will list the RTP for each game in the game’s help section or on their websites. You can also find verified RTPs on third-party review sites.
How Do I Know That I Can Trust a Published RTP Rate?
To make sure an RTP is legit, look for independent verification from auditing companies like eCOGRA or Gaming Labs. Play at licensed casinos that are regulated by authorities like the Malta Gaming Authority or the UK Gambling Commission. And check player reviews — real punters often share their experiences and information about their wins.
What Is the Best Payout Ratio for Pokies?
For pokies, look for RTPs between 96% and 98%. The higher the RTP, the better your chances of winning in the long run.